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Cyber Security

Coinhive In-Browser Cryptomining Service Shuts Down on March 8

Coinhive is a JavaScript-based Monero miner designed to be loaded within a web app and allowing the website owner to use the CPU resources available on visitors’ computers to mine for Monero (XMR) The service will shut down on March 8, 2019. The last Monero hard fork led to a 50% decrease in hash rate and YoY depreciation of the XMR cryptocoin: XMR depreciating over 85% within a year. The service was making around $250,000 each month in Monero at one point in time, and had “a 62% share of all websites using a JavaScript cryptocurrency miner”””

Source: https://www.bleepingcomputer.com/news/security/coinhive-in-browser-cryptomining-service-shuts-down-on-march-8/

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